Oracle 1z1-408

Walking into the 1z1-408 exam without ever practicing under timed conditions is a risk you do not need to take. The Dumpkiller test engines simulate the real exam environment, letting you rehearse with 76 Oracle Fusion Financials: General Ledger 2014 Essentials practice questions until the format feels second nature.

Oracle 1z1-408 Exam Overview:

Oracle 1z1-408 Exam Syllabus Topics:

What Candidates Ask About the Oracle 1z1-408 Exam

Can you give me an overview of the 1z1-408 exam?

The Oracle Fusion Financials: General Ledger 2014 Essentials exam (code: 1z1-408) is the official Oracle exam that leads to the Oracle Fusion Financials: General Ledger 2014 Certified Implementation Specialist certification. It sits at the Specialist / Intermediate level of the Oracle certification track. It is also connected with related credentials such as Oracle Financials Cloud: General Ledger 2016 Implementation Essentials (1Z0-333). Passing it proves to employers that your skills have been validated by Oracle itself, which is why the 1z1-408 credential keeps showing up in job postings.

How many questions are in the 1z1-408 exam, and how long does it take?

The Oracle Fusion Financials: General Ledger 2014 Essentials exam gives you 120 minutes to work through 76. Pacing matters more than most candidates expect, so before exam day, run at least one full timed session in the Dumpkiller test engine to learn how long you can afford per question. If an item stalls you, flag it and move on — coming back later beats burning five minutes on a single question.

What score do I need to pass the 1z1-408 exam, and how much does it cost?

The passing score for the Oracle Fusion Financials: General Ledger 2014 Essentials exam is 66%, and the official registration fee is $245 USD. Remember that a failed attempt means paying that fee in full again, so a timed self-assessment with Dumpkiller practice questions about a week before your exam date is a cheap way to confirm you are scoring comfortably above 66%.

Are there any prerequisites for the 1z1-408 exam?

According to Oracle, the following applies: No formal prerequisites; implementation experience recommended. Certification policies do change from time to time, so confirm the latest requirements on the official exam page at https://education.oracle.com/oracle-fusion-financials-general-ledger-2014-essentials/pexam_1Z0-408 before you register.

How do I register for the 1z1-408 exam?

You can book your Oracle Fusion Financials: General Ledger 2014 Essentials exam through the official channels below:

• Oracle University
• Pearson VUE

Depending on availability in your region, the exam is delivered as Retired exam (last day August 31, 2016); previously delivered via Pearson VUE test centers.

What official training does Oracle recommend for the 1z1-408 exam?

Oracle lists the following training options for Oracle Fusion Financials: General Ledger 2014 Essentials candidates:

• Oracle Fusion Financials: General Ledger 2014 Implementation Training

Official courses build a solid foundation, and pairing them with the 76 practice questions from Dumpkiller shows you how ready you really are before you spend money on the exam itself.

Can I try the 1z1-408 practice questions before buying?

Yes. Dumpkiller offers a free 1z1-408 PDF demo so you can review the question style, difficulty, and explanations before committing to anything. After purchase, your Oracle Fusion Financials: General Ledger 2014 Essentials material includes 365 days of free updates, and if your product expires after that, you can extend the update service at a 50% discount from your member zone.

What happens if I do not pass the 1z1-408 exam, and how is my order delivered?

If you take the corresponding 1z1-408 exam within 60 days of your purchase and do not pass, you can apply for a full refund under our 100% Money Back Guarantee, subject to a few conditions: the failed exam must be the one matching your purchase; sitting the exam within 3 days of purchase does not qualify, since that leaves too little preparation time; downloading the material without actually taking the exam does not qualify; free materials and expired orders are excluded; and the candidate name must match the payer name. To apply, send a scanned copy of your enrollment slip together with your official Score Report (PDF) within 2 days after the exam, and claims are processed within 7 days. If you would rather not take a refund, you can exchange your purchase for two free products of equal value while keeping the update service on the product you originally bought. As for delivery, everything is an instant download: your products are sent to your email within one minute of payment — contact customer service if nothing arrives within 2 hours — and there is no limit on the number of computers you can install the software on.

What topics are covered in the 1z1-408 exam?

The official Oracle Fusion Financials: General Ledger 2014 Essentials syllabus is organized into 6 main domains. The first three are Reporting and Analysis (10%), Intercompany and Balancing (15%), and Journal Processing (20%). For the full domain-by-domain breakdown, see the complete Exam Topics outline above.

Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

Question #1

You need to integrate Fusion Accounting Hub with external source systems used for Billing.
Identity the step that is not correct when implementing this integration.

A. Analyze external system transactions.
B. Create the accounting in the source system and then import the journal entries into subledger accounting.
C. Capture accounting events.
D. Determine the accounting impact of transactions.

Question #2

You are reconciling your subledger balances and you need a report that includes beginning and ending account balances and all transactions that constitute the account's activities.
What type of report will provide this type of information?

A. Account Analysis Reports
B. An Online Transactional Business Intelligence (OTBI) report to create ad hoc queries on transactions and balances
C. Journals Reports
D. Aging Reports

Question #3

Your customer is expanding its operations. You defined a new ledger and several business units. However, you are unable to assign the newly generated data roles to existing Accounts Payables and Accounts Receivables users in the shared service center.
What should you do to correct the problem?

A. Make sure you run the Retrieve Latest LDAP Changes program to regenerate the data roles.
B. Open the Manage Users page and make sure the employees at
C. Open the Oracle Identity Management (OIM) and make sure the data roles were created.
D. Open Access Policy Manager (APM) and assign the roles manually

Question #4

All of your subsidiaries can share the same ledger with their parent company and all reside on the same application instance. They do perform intercompany accounting.
What does Oracle consider the best practice approach to performing consolidations?

A. Use Oracle Hyperion Financial Management for this type of complex consolidation.
B. Use General Ledger's Financial Reporting functionality to produce consolidated reports bybalancing segment where each report represents a different subsidiary. Any eliminating entries can be entered in yet another separate balancing segment.
C. Create separate ledgers for each subsidiary that shares the same chart of accounts, calendar,currency, and accounting method. Create a separate elimination ledger to enter intercompany eliminations. Then create a ledger set across all ledgers and report on the ledger set.
D. Use General Ledger's Balance Transfer programs to transfer subsidiary ledger balances to theparent ledger, and then enter eliminating entries as a separate balancing segment in the parent ledger.

Question #5

Alter submitting the journal for approval, you realize that the department value in the journal incorrect. How do you correct the value?

A. Update the journal through workflow
B. Reverse the journaland create a new one.
C. Click the Withdraw Approval button in the Edit Journals page and edit the journal.
D. Delete the journal and create a new journal.

Solutions: